Black Maple Capital Management LP Takes $1.71 Million Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Black Maple Capital Management LP purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,000 shares of the exchange traded fund’s stock, valued at approximately $1,709,000. SPDR S&P MidCap 400 ETF Trust comprises 0.9% of Black Maple Capital Management LP’s holdings, making the stock its 21st biggest holding.

Several other institutional investors also recently added to or reduced their stakes in MDY. J.Safra Asset Management Corp acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at $26,000. West Financial Advisors LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth $28,000. New Wave Wealth Advisors LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $32,000. Brooklyn Investment Group purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at about $36,000. Finally, CoreFirst Bank & Trust acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth about $40,000.

SPDR S&P MidCap 400 ETF Trust Stock Up 2.4 %

Shares of MDY stock opened at $535.98 on Friday. The stock’s 50-day moving average price is $524.36 and its 200 day moving average price is $565.30. The stock has a market capitalization of $21.93 billion, a PE ratio of 17.11 and a beta of 1.07. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $458.82 and a 52-week high of $624.13.

SPDR S&P MidCap 400 ETF Trust Profile

SPDR S&P MidCap 400 ETF is an exchange traded fund. SPDR MidCap 400 Trust focuses to correspond to the price and yield performance of the S&P MidCap 400 Index. The S&P MidCap 400 covers over 7% of the United States equities market, and is part of a series of S&P the United States indices. The index also includes companies, which should have four consecutive quarters of positive as-reported earnings, excluding discontinued operations and extraordinary items.